The New Nigeria Peoples Party (NNPP) presidential candidate, Rabiu Kwankwaso, on Sunday, blamed lack of due diligence in the government for budget padding in the country.
Kwankwaso spoke at the ongoing presidential town hall meeting organized by Channels Television in Abuja.
A data released recently by the Ministry of Finance, Budget and National Planning revealed that Nigeria’s debt service cost surpassed its revenue in the first four months of the year.
The ministry said debt servicing gulped N1.94 trillion between January and April against the retained revenue of N1.63 trillion.
The former Kano State governor expressed concern at the country’s growing debt profile.
He said: “The issue of budget padding is connected to lack of due diligence. We have never seen anyone being questioned at the National Assembly for mismanagement of funds. People in power serve themselves in most cases. So the space for padding occurs because nobody cares.
“I am not in a hurry to borrow money unnecessarily. I borrow money when it’s important. There is enough money in this country. Anybody who says otherwise is being mischievous. I never borrowed money when I was the governor of Kano State.
“Any responsible government must take decisive steps regarding this. The money being lost in the country such as oil theft is unacceptable. Under normal circumstances, the government must take responsibility.
“Unless the issue of corruption is tackled, we will continue to have problems. There must be factors to be considered in order to put things in place.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: Poorly executed classroom projects force children out of school in Niger State
Once a vibrant hub of learning for pupils, Kodo Primary School now resonates a stark contrast to its former days...
SPECIAL REPORT: Shell’s inaccurate data raises questions around efforts to control methane emissions in Nigeria
Much worse for the environment than carbon dioxide, despite global efforts to control methane, emissions continue soaring. With over a...
FEATURE…Missing Rig Workers: Tragedy, Injustice and the Depthwize cabal
The serene landscape of Ovhor in Delta State bore witness to a disaster that shook the nation’s conscience. The capsize...
FEATURE… In the shadow of kidnappers: The story of Nigeria’s albatross
For decades, Nigeria has been grappling with a problem that has threatened the safety and stability of its people: kidnapping....
FEATURE: The falling standard of education in Nigeria today: Whose Fault?
Over the years, education has proven to be the fulcrum facilitating national development in any state. Through education, knowledge is...